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United Kingdom

United Utilities Group PLC (UU.L)

UU.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

United Utilities Group Says COO Steve Fraser Leaving To Become CEO Of Cadent Gas
Friday, 14 Jun 2019 

June 14 (Reuters) - United Utilities Group PLC ::DIRECTORATE CHANGE.STEVE FRASER, CHIEF OPERATING OFFICER, IS LEAVING BUSINESS TO BECOME CHIEF EXECUTIVE OF CADENT GAS LIMITED.STEVE FRASER WILL LEAVE UNITED UTILITIES LATER THIS YEAR ON A DATE TO BE CONFIRMED.  Full Article

United Utilities FY Underlying Pretax Profit 378.7 Mln Stg Vs 304.9 Mln Stg
Thursday, 23 May 2019 

May 23 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES GRP - FINAL RESULTS.UNITED UTILITIES GROUP PLC - FY REVENUE £1,818.5M VERSUS £1,735.8M.UNITED UTILITIES GROUP PLC - FY UNDERLYING PROFIT AFTER TAX £378.7M VERSUS £304.9M.UNITED UTILITIES GROUP PLC - FY TOTAL DIVIDEND PER ORDINARY SHARE 41.28P VERSUS 39.73P.UNITED UTILITIES GROUP PLC - IFRS PENSION SURPLUS OF £484M AT 31 MARCH 2019, PENSION FUNDING DEFICIT ELIMINATED IN APRIL 2019.UNITED UTILITIES GROUP PLC - ACHIEVED BEST EVER CUSTOMER SATISFACTION SIM SCORES, ANTICIPATING REWARD OF AROUND £16M FOR AMP6.UNITED UTILITIES - INCREASING INVESTMENT BY £100 MILLION TO ACCELERATE DELIVERY OF PERFORMANCE IMPROVEMENTS, FACILITATE NEXT REGULATORY PERIOD.UNITED UTILITIES GROUP PLC - TOTAL NET REGULATORY CAPITAL INVESTMENT IN YEAR WAS £821 MILLION.UNITED UTILITIES GROUP PLC - INCREASING TOTAL NET OUTPERFORMANCE AVAILABLE FOR ADDITIONAL INVESTMENT IN AMP6 TO £350 MILLION.UNITED UTILITIES GROUP PLC - FIVE-YEAR REGULATORY CAPEX PROGRAMME IS AROUND £3.9 BILLION INCLUDING THIS ADDITIONAL INVESTMENT.UNITED UTILITIES GROUP PLC - CO OUTPERFORMING REGULATORY CONTRACT FOR 2015-20 REGULATORY PERIOD ALLOWING TO FUND ADDITIONAL INVESTMENT.UNITED UTILITIES GROUP PLC - HAVE BEEN AWARDED FAST-TRACK STATUS BY OFWAT FOR OUR PR19 BUSINESS PLAN SUBMISSION.UNITED UTILITIES - "IN THE EVENT OF RENATIONALISATION THE BUSINESS COULD BE ACQUIRED BELOW FAIR VALUE".UNITED UTILITIES - "POSSIBILITY OF 'RENATIONALISATION' IS A KEY AREA OF UNCERTAINTY".  Full Article

United Utilities Says Co Reviewing Ofwat's Draft Determination
Thursday, 11 Apr 2019 

April 11 (Reuters) - United Utilities Group PLC ::DRAFT DETERMINATION FOR UNITED UTILITIES.DRAFT DETERMINATION SETS OUT OFWAT'S INITIAL DETERMINATION OF REQUIRED COSTS AND SERVICE TARGETS FOR UUW IN NEXT REGULATORY PERIOD.UUW IS REVIEWING DRAFT DETERMINATION AND WILL RESPOND TO OFWAT BY DUE DATE OF 24 MAY 2019.OFWAT COMMENDED PLAN IN MANY AREAS INCLUDING CUSTOMER ENGAGEMENT, AFFORDABILITY & VULNERABILITY, RESILIENCE, INNOVATION.  Full Article

United Utilities Sees H2 Oper Profit Hit By Costs From Exceptional Dry Weather
Tuesday, 26 Mar 2019 

March 26 (Reuters) - United Utilities Group PLC ::TRADING STATEMENT.CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR YEAR ENDING 31 MARCH 2019.FY GROUP REVENUE IS EXPECTED TO BE HIGHER THAN LAST YEAR, LARGELY REFLECTING CO'S ALLOWED REGULATORY REVENUE CHANGES.UNDERLYING OPERATING PROFIT FOR 2018/19 IS EXPECTED TO BE HIGHER THAN 2017/18.UNDERLYING INFRASTRUCTURE RENEWALS EXPENDITURE IN H2 IS EXPECTED TO BE BROADLY CONSISTENT WITH FIRST HALF OF YEAR.REPORTED OPERATING PROFIT IN H2 WILL BE IMPACTED BY COSTS RELATING TO EXCEPTIONAL PERIOD OF DRY WEATHER IN SUMMER OF 2018.ADJUSTED ITEMS ARE EXPECTED TO TOTAL £52 MILLION FOR FULL YEAR, OF WHICH £29 MILLION WAS RECOGNISED IN FIRST HALF.AS CO CONTINUES TO INVEST IN ITS ASSET BASE, EXPECTS SMALL INCREASE IN NET DEBT AT 31 MARCH VERSUS 30 SEPTEMBER 2018.EXPECT UNDERLYING NET FINANCE EXPENSE FOR 2018/19 TO BE AROUND £45 MILLION LOWER THAN 2017/18.  Full Article

United Utilities Posts 3.6 Pct Rise In Full-Year Profit
Thursday, 24 May 2018 

May 24 (Reuters) - United Utilities Group PLC ::FINAL DIVIDEND 26.49 PENCEPER SHARE.FY UNDERLYING OPERATING PROFIT OF £645.1M (REPORTED OPERATING PROFIT OF £636.4M).FY REVENUE FROM CONTINUING OPERATIONS 1,735.8 MILLION STG VERSUS 1,704 MILLION STG YEAR AGO.ADVANCED IN PR19 PLANS INFORMED BY EXTENSIVE ENGAGEMENT WITH CUSTOMERS, BALANCING INVESTMENT WITH AFFORDABILITY.FY INFRASTRUCTURE RENEWALS EXPENDITURE 147 MILLION STG VERSUS 150.8 MILLION STG AS REPORTED YEAR AGO.FY TOTAL REGULATORY CAPITAL INVESTMENT 816 MILLION STG VERSUS 804 MILLION STG AS REPORTED YEAR AGO.BENEFITS FROM HEADROOM TO COVER ITS PROJECTED NEEDS INTO 2020.HEADROOM GIVES FLEXIBILITY IN TERMS OF HOW FURTHER DEBT FINANCE RAISED TO REFINANCE MATURING DEBT, SUPPORT DELIVERY OF RCI PROGRAMME.OUTPERFORMING REGULATORY CONTRACT FOR 2015-20 REGULATORY PERIOD.  Full Article

United Utilities Updates on 2019 Price Review Update​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - United Utilities Group Plc ::‍UNITED UTILITIES 2019 PRICE REVIEW UPDATE​.ADVANCED IN PLANS FOR PR19, INFORMED BY EXTENSIVE ENGAGEMENT WITH CUSTOMERS REGARDING THEIR NEEDS AND PRIORITIES.IN MAY 2018, WILL PROVIDE EARLY EVIDENCE ON COMPANY SPECIFIC FACTORS AFFECTING WHOLESALE AND RETAIL OPERATIONS IN NORTH WEST.  Full Article

United Utilities says underlying oper profit of 344 mln stg vs. 312.5 mln stg
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - United Utilities Group Plc ::H1 REPORTED PRETAX PROFIT 242.3 MILLION STG VERSUS. 158.4 MILLION STG .INTERIM DIVIDEND 13.24 PENCE PER SHARE.HY REVENUE OF 876 MILLION POUNDS VERSUS. 853 MILLION POUNDS, A YEAR AGO ‍​.HY UNDERLYING OPERATING PROFIT OF 344 MILLION POUNDS VERSUS. 312.5 MILLION POUNDS, A YEAR AGO ‍​.UNITED UTILITIES -AVERAGE BILLS SET TO REDUCE IN REAL TERMS OVER 10 YRS PERIOD TO 2020, TO DOUBLE NUMBER OF CUSTOMERS THROUGH AFFORDABILITY SCHEMES OVER AMP6​.‍TOTAL NET REGULATORY CAPITAL INVESTMENT IN H1, INCLUDING £70 MILLION OF INFRASTRUCTURE RENEWALS EXPENDITURE, WAS £394 MILLION​.‍REMAIN ON TRACK TO DELIVER A TOTAL OF AROUND £800 MILLION OF REGULATORY CAPEX FOR FULL YEAR​.HY REGULATORY CAPITAL VALUE GEARING OF 61 PERCENT VERSUS. 62 PERCENT, A YEAR AGO ‍​.GROUP BENEFITS FROM HEADROOM TO COVER ITS PROJECTED NEEDS INTO 2019, ENHANCED BY RECENT RAISING OF NEW FINANCE​.  Full Article

United Utilities pays 20 mln stg as compensation for cryptosporidium incident
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - United Utilities Group Plc ::CONCLUSION OF COURT HEARING FOLLOWING 2015 CRYPTOSPORIDIUM INCIDENT‍​.UNITED UTILITIES GROUP PLC - ‍ROOT CAUSE IDENTIFIED AS RUN-OFF WATER FROM AGRICULTURAL LAND FOLLOWING SEVERE RAINFALL​.UNITED UTILITIES GROUP PLC - ‍C£20 MILLION COMPENSATION PAID TO CUSTOMERS WHO WERE ADVISED TO BOIL THEIR WATER AS A PRECAUTION​.  Full Article

United Utilities says H1 trading in line with expectations
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - UNITED UTILITIES GROUP PLC ::‍CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR SIX MONTHS ENDING 30 SEPTEMBER 201​7.SAYS GROUP REVENUE IS EXPECTED TO BE JUST UNDER 3 PCT HIGHER THAN FIRST HALF OF LAST YEAR.SAYS UNDERLYING OPERATING PROFIT FOR FIRST HALF OF 2017/18 IS EXPECTED TO BE HIGHER THAN FIRST HALF OF 2016/17.EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2017/18 TO BE AROUND £30 MILLION HIGHER THAN FIRST HALF OF LAST YEAR​.SAYS IRE IN FIRST HALF OF 2017/18 WILL BE SLIGHTLY LOWER THAN FIRST HALF OF LAST YEAR.‍EXPECT A SMALL INCREASE IN GROUP NET DEBT AT 30 SEPTEMBER 2017 COMPARED WITH POSITION AT 31 MARCH 2017​.SAYS EXPECT AN INCREASE IN IRE IN SECOND HALF OF 2017/18, COMPARED WITH FIRST HALF OF YEAR..‍GEARING REMAINS COMFORTABLY WITHIN TARGET RANGE OF 55% TO 65% NET DEBT TO RCV​.EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2017/18 TO BE AROUND £30 MILLION HIGHER THAN FIRST HALF OF LAST YEAR.‍TOTAL REGULATORY CAPITAL INVESTMENT FOR 2017/18 IS EXPECTED TO BE AROUND £800 MILLION​.  Full Article

UK's Environment Agency fines United Utilities 666,000 stg for pollution
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - United Utilities Group Plc ::Uk's environment agency - united utilities fined 666,000 stg for pollution that affected fish populations and water quality.Uk's environment agency - prosecution against co after sewage polluted river medlock, had significant impact on fish population and water quality over four kilometres.  Full Article

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Ofwat calls for £12-billion boost to water network investment

Britain's water regulator on Thursday called for the country's utilities to invest the equivalent of £6 million every day for the next five years in plans to reduce pollution and leakages in increasingly stressed UK infrastructure.